The global hydrophilic coating market was valued at USD 8.89 Billion in 2015 and is projected to reach USD 12.77 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.

The significant end users of hydrophilic coatings are medical devices, optics, automotive, aerospace, and marine, among others. Increasing usage of hydrophilic coatings in these end users will consequently drive the growth of the global hydrophilic coating market during the forecast period. The competitiveness in the global hydrophilic coating market has intensified with the increasing number of agreements & collaborations, new products launches, capacity expansions, and partnerships. Factors such as increasing applicability of hydrophilic coatings across varied end users, technological advancements, and growing demand for hydrophilic coatings in the regions, such as Asia-Pacific are driving the growth of the global hydrophilic coating market.

The global hydrophilic coating market has been segmented on the basis of substrate, end user, and region. The years considered for the study are:

Base Year  2015Estimated Year  2016Projected Year  2021Forecast Period  2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. Wherever the information was unavailable for the base year, the year previous to the base year has been considered.

Objectives of the Study

To define and segment the global hydrophilic coating market, by substrate, end user, and region

To identify the market dynamics, such as drivers, restraints, and opportunities impacting the growth of the global hydrophilic coating market during the forecast period

To analyze and forecast the demand for hydrophilic coatings, in terms of value and volume

To estimate, analyze, and forecast the global hydrophilic coating market with respect to key countries

To strategically identify and profile the key players in the global hydrophilic coating market

To analyze recent developments, such as facility & capacity expansions, partnerships & collaborations, and new product launches in the global hydrophilic coating market

To analyze and forecast the demand for hydrophilic coatings for different end users, such as medical devices, optics, automotive, aerospace, and marine, among others

Research Methodology

This research study involves extensive usage of secondary sources, such as directories and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for technical, market-oriented, and commercial study of the global hydrophilic coating market. The research methodology used for the report can be explained as follows:

Analysis of country-wise volume of hydrophilic coatings for the past three years

Analysis of different types of hydrophilic coatings used by various end users and the benefits offered by them for product formulations

Analysis of the global hydrophilic coating peer market

The figure below shows the breakdown of the primaries conducted during the research study on the basis of company, designation, and region.

The ecosystem of the global hydrophilic coating market consists of key suppliers, including manufacturers of coatings as well as hydrophilic coatings. These are important participants in the ecosystem of the global hydrophilic coating market as they play crucial role in the entire value chain. Various key players in the global hydrophilic coating market, such as Royal DSM (the Netherlands), Biocoat, Inc. (U.S.), Aculon Inc. (U.S.), Advasource Biomaterials Corporation (U.S.), Hydromer, Inc. (U.S.), Corning, Inc. (U.S.), Surmodics Incorporated (U.S.), AST Products, Inc. (U.S.), and Abbott Laboratories Inc. (U.S.), among others have been covered in the report. The growth of the global hydrophilic coating market is primarily triggered by the huge demand for these hydrophilic coatings from medical devices, optics, automotive, aerospace, marine, and other end users.

Target Audience:

Manufacturers of Hydrophilic Coatings

Suppliers, Distributors, and Traders of Hydrophilic Coatings

Government and Research Organizations

Associations and Industrial Bodies

Trade Experts

Investors

Entrepreneurs

Policy Professionals

Technology Startups and Venture Capital Funds

Scope of the Report:

Global Hydrophilic Coating Market, ByEnd User:

Medical Devices

Optics

Automotive

Aerospace

Marine

Others

Global Hydrophilic Coating Market, By Substrate:

Polymers

Glass/Ceramics

Metals

Nanoparticles

Others

Global Hydrophilic Coating Market, By Region:

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations as per specific needs of the clients. The following customization options are available for the report:

Figure 1 Hydrophilic Coating: Market SegmentationFigure 2 Research DesignFigure 3 Breakdown of Primary Interviews, By Company Type, Designation, & RegionFigure 4 Market Size Estimation: Bottom-Up ApproachFigure 5 Market Size Estimation: Top-Down ApproachFigure 6 Hydrophilic Coating Market: Data TriangulationFigure 7 Medical Devices Segment is Expected to Dominate the Hydrophilic Coating Market During the Forecast PeriodFigure 8 Asia-Pacific Expected to Be the Fastest-Growing Market for Hydrophilic CoatingFigure 9 Hydrophilic Coating Market, By Country, 2015 (USD Million)Figure 10 Medical Device Industry to Drive the Demand for Hydrophilic CoatingFigure 11 North America Expected to Be the Key Market for Hydrophilic CoatingFigure 12 U.S. Estimated to Account for the Largest Share of the North America Hydrophilic Coating MarketFigure 13 The Polymers Segment is Projected to Lead the Hydrophilic Coating MarketFigure 14 Asia-Pacific and Europe are Expected to Grow at Highest CAGRs During the Forecast PeriodFigure 15 China and Malaysia to Emerge as Lucrative Markets for Hydrophilic CoatingFigure 16 Hydrophilic Market has High Growth Potential in the Medical Devices SegmentFigure 17 Asia-Pacific Hydrophilic Market Expected to Witness High Growth During the Forecast PeriodFigure 18 Hydrophilic Coating Market, By SubstratesFigure 19 Hydrophilic Coating Market, By End UserFigure 20 Hydrophilic Coating Market, By RegionFigure 21 Overview of the Factors Governing the Hydrophilic Coating MarketFigure 22 Rise in World Population and Increasing Life Expectancy Expected to Drive the Growth of Hydrophilic Coating MarketFigure 23 Value Chain AnalysisFigure 24 The Medical Devices Segment of the Hydrophilic Coating Market is Projected to Grow at the Highest CAGR During the Forecast PeriodFigure 25 The North American Region is Anticipated to Lead the Medical Devices Segment of the Hydrophilic Coating Market During the Forecast PeriodFigure 26 The North American Region is Projected to Lead the Hydrophilic Coating Market for Optics During the Forecast PeriodFigure 27 The European Region is Projected to Lead the Hydrophilic Coating Market for Automotive During the Forecast PeriodFigure 28 The North American Region to Lead the Hydrophilic Coating Market for Aerospace During the Forecast PeriodFigure 29 The Asia-Pacific Hydrophilic Coating Market for Marine is Projected to Grow at the Highest CAGR During the Forecast PeriodFigure 30 The Asia-Pacific Hydrophilic Coating Market for Other End Users is Projected to Grow at the Highest CAGR During the Forecast PeriodFigure 31 The Polymers Segment is Estimated to Lead the Hydrophilic Coating Market in 2016Figure 32 The Polymers Segment of the Europe Hydrophilic Coating Market is Projected to Grow at the Highest CAGR During the Forecast PeriodFigure 33 The North American Region is Estimated to Lead the Glass/Ceramics Segment of the Hydrophilic Coating Market in 2016Figure 34 The Metals Segment of the Asia-Pacific Hydrophilic Market is Projected to Grow at the Highest CAGR During the Forecast PeriodFigure 35 The Nanoparticles Segment of the Europe Hydrophilic Coating Market is Estimated to Grow at the Highest CAGR During the Forecast PeriodFigure 36 Regional Snapshot (2016-2021): Germany, Russia, India, Australia, and Belgium are Emerging as New Strategic LocationsFigure 37 North America Hydrophilic Coating Market SnapshotFigure 38 Europe Hydrophilic Coating Market SnapshotFigure 39 Asia-Pacific Hydrophilic Coating Market SnapshotFigure 40 Companies Primarily Adopted Organic Growth Strategies From 2011 to 2016Figure 41 Key Growth Strategies Adopted By Key Players in the Hydrophilic Coatings Market, 20112016Figure 42 Hydrophilic Coatings Market, Developmental Share, 20112016Figure 43 Regional Revenue Mix of Top Five Market PlayersFigure 44 Hydromer: Company SnapshotFigure 45 Abbott Laboratories Inc.: Company SnapshotFigure 46 Corning Inc.: Company SnapshotFigure 47 Surmodics Inc.: Company SnapshotFigure 48 Royal DSM: Company SnapshotFigure 49 Advansource Biomaterials Corporation: Company Snapshot

The global hydrophilic coating market was valued at USD 8.89 Billion in 2015 and is projected to reach USD 12.77 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Hydrophilic coatings, due to their high lubricity, are widely used in catheters and guidewires to reduce the level of friction, while insertion into a medical device or body opening. Apart from lubricity, the other properties of hydrophilic coatings include durability, low friction coefficient, and low particulate count, which lead to their increased usage in medical devices in comparison to hydrophobic coatings.

In terms of consumption, the polymers segment is estimated to contribute the largest share to the global hydrophilic coating market in 2015. This segment is expected to grow at the highest CAGR during the forecast period, 2016 to 2021. Hydrophilic polymers offer resistance to protein absorption. Moreover, polymers are covalently bonded and cross-linked, which promote absorption of water particles.

The medical devices market is expected to expand rapidly in the Asia-Pacific region between 2016 and 2021. As such, the demand for hydrophilic coatings is also expected to grow at the same pace in this region. As hydrophilic coatings are mostly used for medical devices, the largest consumption of hydrophilic coatings will be in regions, wherein medical devices are manufactured at a large scale. Japan, which is one of the largest manufacturers of medical devices, has a high demand for hydrophilic coatings. Manufacturers are setting up their bases and are expanding their operations in China, thus boosting the countrys demand for hydrophilic coatings.

The North American region is the largest market for medical devices and implants in the world, followed by the European region. As such, the medical devices segment of the global hydrophilic coating market is growing in these regions. The increasing demand for hydrophilic coatings across the world can be attributed to factors, such as increasing usage of hydrophilic coatings in advanced medical devices, growing demand for lubricious medical devices, and increasing requirement for advanced medical techniques.

Factors such as high production cost for hydrophilic coatings, and low shelf life are expected to restrict the growth of the global hydrophilic coating market during the forecast period.

Companies operational in the global hydrophilic coating market have been focusing on improving quality of their products and services. For instance, Hydromer, Inc. launched Ultra-Hydrophilic Coatings that stay hydrated for a long period of time. This launch has helped the company to enhance its product portfolio. In addition, the companies, such as Corning Inc. (U.S.), Surmodics Incorporated (U.S.), Royal DSM (the Netherlands), and Biocoat, Inc. (U.S.), among others have undertaken various developmental activities over the last five years to strengthen their position in the global hydrophilic coating market.

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